XRP rose to the rank of 4th largest cryptocurrency by market cap, overtaking BNB, with its value surging to over $15B. Funding rates for XRP spiked as traders sought to capitalize on the trend.
The SEC’s ruling against Ripple has brought new implications for the future of cryptocurrencies categorized as securities. Will Sol, ADA and other already-circulating tokens be reclassified as well? With the SEC’s enforcement, the fate of these tokens hangs in the balance.
Ripple’s legal victory in a U.S. court is a sign that crypto companies can stand up to the SEC. The court’s decision could lead to greater legal protection for cryptocurrencies, allowing them to operate more freely and innovate without fear of regulatory repercussions.
On Thursday, the crypto exchanges Coinbase and Bittrex both announced they were re-listing XRP following Ripple’s victory in court against the U.S. Securities and Exchange Commission (SEC). This is a significant legal victory for the company and XRP holders.
The XRP win has the potential to bring the altcoin season that traders have longed for, as prices surge with renewed optimism in the crypto markets. With investors re-entering into the fray, analysts are also looking ahead to what the future may hold ahead for XRP holders.
After months of bearish sentiment among crypto markets, Ripple’s recent victory against the SEC has brought optimism and bullish momentum back to the crypto space, marking the start of what many are calling an “alt season.
A U.S. federal judge has ruled that Ripple’s ongoing sale of XRP tokens was not subject to federal securities laws, delivering a major victory for the cryptocurrency giant. The court found XRP sales were not investment contracts.
XRP holders have been given the status of “investors” by a U.S. federal judge, though Ripple contests the ruling, citing expectations of “conflicting outcomes”. Ripple has previously argued that XRP holders are not investors.
] July 2021. Reworded, the Ethereum sidechain of Ripple is quickly approaching its mainnet launch, with a date of [[2](https://www.deepl.com/write)] July 2021. [[3](https://rewritetool.net/)] Substituting 1 or 2 keywords, Ripple’s Ethereum sidechain is nearing its mainnet launch, with the date set for July 2021. Reworded, Ripple’s Ethereum sidechain is quickly approaching its mainnet launch, with a date of July 2021.](https://thebitcoinstreetjournal.com/storage/2023/06/2110261-ripples-ethereum-sidechain-is-nearing-its-mainnet-launch-with-the-date-set-for-1https-paraphrazit-july-2021-reworded-the-ethereum-sidechain-of-ripple-is-quickly-approaching-its-mainn.jpg "Ripple's Ethereum sidechain is nearing its mainnet launch, with the date set")
Ripple, a blockchain-based sidechain for Ethereum, is moving closer to a mainnet launch. Developers have reported a successful testnet and are now awaiting a major upgrade to incentivize usage among users.